AD
Live price temporarily unavailable.
Price history
Agree Realty (ADC) is a Real Estate company in the Russell 1000. Latest news and coverage below.
Agree Realty revenue & net income history (FY2016–FY2025)
RevenueNet income
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $91.5M | $111.5M | $137.1M | $193.8M | $257.4M | $352.8M | $450.4M | $558.2M | $637.8M | $737.6M |
| Growth (year over year) | +30.8% | +21.8% | +23.0% | +41.4% | +32.8% | +37.1% | +27.7% | +23.9% | +14.3% | +15.6% |
| Operating income | $51.7M | $63.0M | $73.0M | $114.4M | $133.1M | $190.3M | $218.1M | $254.4M | $302.2M | $340.4M |
| Operating margin | 56.4% | 56.5% | 53.2% | 59.0% | 51.7% | 53.9% | 48.4% | 45.6% | 47.4% | 46.2% |
| Net income | $45.1M | $58.1M | $58.2M | $80.1M | $91.4M | $122.3M | $152.4M | $170.0M | $189.2M | $204.3M |
| Net margin | 49.3% | 52.1% | 42.4% | 41.3% | 35.5% | 34.7% | 33.8% | 30.4% | 29.7% | 27.7% |
| EPS (diluted) | $1.97 | $2.08 | $1.78 | $1.93 | $1.74 | $1.78 | $1.83 | $1.70 | $1.78 | $1.77 |
| Balance sheet | ||||||||||
| Cash and equivalents | $33.4M | $50.8M | $54.0M | $15.6M | $6.14M | $43.3M | $27.8M | $10.9M | $6.40M | $16.3M |
| Total assets | $1.14B | $1.49B | $2.03B | $2.66B | $3.89B | $5.23B | $6.71B | $7.77B | $8.49B | $9.80B |
| Total liabilities | $456.5M | $583.4M | $789.7M | $973.0M | $1.36B | $1.81B | $2.08B | $2.57B | $2.98B | $3.53B |
| Long-term debt | $404.1M | $522.4M | $724.1M | — | $1.23B | $1.69B | — | — | — | — |
| Shareholders' equity | $683.0M | $908.7M | $1.24B | $1.69B | $2.52B | $3.42B | $4.63B | $5.20B | $5.51B | $6.27B |
| Cash flow | ||||||||||
| Operating cash flow | $61.7M | $82.2M | $93.2M | $126.7M | $143.0M | $246.3M | $362.1M | $391.6M | $432.0M | $504.1M |
| Capital expenditure | — | — | $608.3M | $702.9M | $1.31B | $1.39B | $1.60B | $1.20B | $874.5M | — |
| Free cash flow | — | — | −$515.1M | −$576.2M | −$1.17B | −$1.14B | −$1.24B | −$808.4M | −$442.5M | — |
| Dividends paid | $42.1M | $55.1M | $67.6M | $90.3M | $116.1M | $194.3M | $220.3M | $277.7M | $303.6M | $340.7M |
| Share buybacks | $712.0K | $1.11M | $1.15M | $1.41M | $1.64M | $1.81M | $1.91M | $2.68M | $2.28M | $3.74M |
RevenueNet income
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $159.6M | $166.3M | $173.7M | $180.3M | $187.6M | $195.9M | $206.5M | $211.6M |
| Growth (year over year) | +12.4% | +12.1% | +12.3% | +14.7% | +17.6% | +17.8% | +18.9% | +17.3% |
| Operating income | $74.4M | $75.3M | $78.7M | $82.0M | $87.3M | $92.4M | $98.6M | $95.3M |
| Operating margin | 46.7% | 45.3% | 45.3% | 45.5% | 46.5% | 47.2% | 47.7% | 45.1% |
| Net income | $44.4M | $45.2M | $47.0M | $49.2M | $52.1M | $56.0M | $62.1M | $54.7M |
| Net margin | 27.8% | 27.2% | 27.0% | 27.3% | 27.8% | 28.6% | 30.0% | 25.8% |
| EPS (diluted) | $0.42 | $0.41 | $0.42 | $0.43 | $0.45 | $0.47 | $0.50 | $0.44 |
| Balance sheet | ||||||||
| Cash and equivalents | $13.2M | $6.40M | $7.92M | $5.82M | $13.7M | $16.3M | $25.1M | $12.5M |
| Total assets | $8.18B | $8.49B | $8.80B | $9.08B | $9.48B | $9.80B | $10.2B | $10.6B |
| Total liabilities | $2.89B | $2.98B | $3.16B | $3.43B | $3.61B | $3.53B | $3.94B | $4.07B |
| Shareholders' equity | $5.29B | $5.51B | $5.64B | $5.65B | $5.87B | $6.27B | $6.24B | $6.52B |
| Cash flow | ||||||||
| Operating cash flow | $128.6M | $91.4M | $126.7M | $119.6M | $146.5M | $111.3M | $145.2M | $131.0M |
| Capital expenditure | $216.0M | $342.6M | — | — | — | — | — | — |
| Free cash flow | −$87.4M | −$251.2M | — | — | — | — | — | — |
| Dividends paid | $75.5M | $78.3M | $81.9M | $84.2M | $85.2M | $89.5M | $94.9M | $95.6M |
| Share buybacks | $72.0K | $19.0K | $3.65M | $9.00K | $61.0K | $25.0K | $6.06M | $10.0K |
From Agree Realty's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Agree Realty
- Headquarters
- Royal Oak, Michigan From SEC filings, Oct 2026
Recent News (2)
-
TuHURA Biosciences Receives Key U.S. Patent for its Groundbreaking Delta Opioid Receptor (DOR) Antibody Drug Conjugate (ADC) Technology Patent discloses uses beyond ADCs, including autologous or allogeneic adoptive cellular immunotherapies like CAR-T, Tregs or TIL cell therapies TAMPA, Fla., Oct. 5, 2026 /PRNewswire/ -- TuHURA Bioscie…
-
Crescent Biopharma Announces FDA Clearance of IND Application for CR-002, a PD-L1-targeted Topoisomerase Inhibitor ADC, for the Treatment of Solid Tumors Phase 1/2 APOLLO global clinical trial to evaluate CR-002 in multiple solid tumor types, including non-small cell lung cancer (NSCLC) and head and neck squamous cell carcinoma (HNSCC), on track to ini…
Other Real Estate companies to compare with ADC
- VTR Ventas
- WELL Welltower
- WY Weyerhaeuser
- AAT American Assets Trust REIT Inc
- AGNT Exp World Holdings Inc
- AHR American Healthcare REIT Inc
- AHRT Ah Realty Inc
- AIRE reAlpha Tech